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South Korea: Central government debt

Millions of local currency · 1911–2024 · 101 observations · forecasts to 2026 · cgovdebt

2024
1,150 trillionlocal currency
Change on 2023
+5.1%year on year
Average growth, 2014–2024
+8.6%a year

Central government debt

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10M1B100B10T1,000T192019401960198020002020South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Central government debt

Recent values

Millions of local currency

YearValue
20261,327,000,000Forecast
20251,229,000,000Forecast
20241,148,000,000
20231,092,000,000
20221,033,000,000
2021939,100,000
2020819,200,000
2019699,000,000
2018651,800,000
2017627,400,000
2016591,900,000
2015556,500,000

Sources

This series is derived from other GMD variables.

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms